3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST6 8NG, £250,000

Lancaster Drive, Norton Green, Stoke-on-Trent, ST6 8NG - 3 views - 9 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+26 photos

ValuationOvervalued

Sold Prices£84K - £232K
Sold Prices/m²£984/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£153,110

 

 

End Value (After Refurb)

£226,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,686

Bridging Loan Interest

£6,563

Total Cash In

£117,198

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,250

Mortgage (After Refinance)

£169,688

Mortgage LTV

75%

Cash Left In

£117,198

Equity

£56,563

Rent Range

£725 - £3,200

Rent Estimate

£1,336

Running Costs/mo

£994

Cashflow/mo

£342

Cashflow/yr

£4,101

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £84K to £232K, average is £140K. £984/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£180K07/210.02 mi8, Lancaster Drive, Stoke-on-trent ST6 8NG3
£232K07/230.07 mi2, Heakley Avenue, Stoke-on-trent ST6 8NF3
£220K01/210.09 mi136, Endon Road, Stoke-on-trent ST6 8NQ3
£172.5K06/210.13 mi18, Chatsworth Drive, Stoke-on-trent ST6 8NJ3
£155K09/210.13 mi49, Endon Road, Stoke-on-trent ST6 8NA3
£170K03/210.25 mi54, Knypersley Road, Stoke-on-trent ST6 8HX3
£193K08/230.32 mi255, Endon Road, Stoke-on-trent ST6 8PA3
£125K12/200.34 mi9, Trentside Road, Stoke-on-trent ST6 8PG3
£120K04/230.37 mi388, Ford Green Road, Stoke-on-trent ST6 8LY3
£110K01/210.39 mi152, St Nicholas Avenue, Stoke-on-trent ST6 8LA3
£90K02/210.39 mi136, St Nicholas Avenue, Stoke-on-trent ST6 8LA3
£160K06/230.41 mi236, Endon Road, Stoke-on-trent ST6 8PF3
£182.5K01/210.41 mi242, Endon Road, Stoke-on-trent ST6 8PF3
£230K10/210.41 mi10, Selworthy Road, Stoke-on-trent ST6 8PL3
£140K06/230.42 mi7, Smithyfield Road, Stoke-on-trent ST6 8JU3
£115K03/230.43 mi64, Intake Road, Stoke-on-trent ST6 8JY3
£94K08/230.43 mi70, Intake Road, Stoke-on-trent ST6 8JY3
£112K05/210.43 mi2, Hollowood Place, Stoke-on-trent ST6 8JP3
£140K03/230.45 mi25, Peascroft Road, Stoke-on-trent ST6 8HQ3
£100K11/200.45 mi138, Pinfold Avenue, Stoke-on-trent ST6 8JZ3
£175.5K09/210.49 mi336, Ford Green Road, Stoke-on-trent ST6 8LU3
£113.5K03/210.49 mi77, Peascroft Road, Stoke-on-trent ST6 8HG3
£126.5K09/210.5 mi18, Pinfold Avenue, Stoke-on-trent ST6 8EJ3
£90K11/210.52 mi3, Hughson Grove, Stoke-on-trent ST6 8ET3
£90K11/200.52 mi59, Pinfold Avenue, Stoke-on-trent ST6 8EH3
£105K06/210.52 mi63, Pinfold Avenue, Stoke-on-trent ST6 8EH3
£135K02/230.52 mi25, Pinfold Avenue, Stoke-on-trent ST6 8EH3
£111K07/210.54 mi19, Mallorie Road, Stoke-on-trent ST6 8ES3
£84K12/200.54 mi28, Mallorie Road, Stoke-on-trent ST6 8ES3
£84K12/200.54 mi28, Mallorie Road, Stoke-on-trent ST6 8ES3
£110K01/230.55 mi370, Barks Drive, Stoke-on-trent ST6 8EU3
£167.5K11/200.55 mi96, Harrison Road, Stoke-on-trent ST6 8DA3
£135K10/230.56 mi2, Thursfield Place, Stoke-on-trent ST6 8HD3
£145K07/230.56 mi155, Pinfold Avenue, Stoke-on-trent ST6 8EW3
£100K03/210.56 mi135, Pinfold Avenue, Stoke-on-trent ST6 8EW3
£126.5K05/210.56 mi149, Pinfold Avenue, Stoke-on-trent ST6 8EW3
£142K06/230.56 mi119, Pinfold Avenue, Stoke-on-trent ST6 8EW3
£125K03/230.56 mi145, Pinfold Avenue, Stoke-on-trent ST6 8EW3
£140K09/230.56 mi133, Pinfold Avenue, Stoke-on-trent ST6 8EW3
£185K01/210.57 mi323a, Ford Green Road, Stoke-on-trent ST6 8LT3
£105K12/200.57 mi53, Whitfield Road, Stoke-on-trent ST6 8AH3
£170K12/200.57 mi83, Whitfield Road, Stoke-on-trent ST6 8AH3
£130K08/230.57 mi191, Barks Drive, Stoke-on-trent ST6 8EX3
£165K10/200.59 mi6, Meadowview, Stoke-on-trent ST6 8DZ3
£209K10/210.61 mi32, Fielden Close, Stoke-on-trent ST6 8XG3
£215K09/230.61 mi17, Fielden Close, Stoke-on-trent ST6 8XG3
£169.9K06/230.62 mi55, Spragg House Lane, Stoke-on-trent ST6 8DU3
£170K01/230.63 mi284, Ford Green Road, Stoke-on-trent ST6 8LS3
£149.9K07/230.65 mi14, Dale Avenue, Stoke-on-trent ST6 8AT3
£189K12/200.66 mi2, Beswick Brook Close, Stoke-on-trent ST2 7QE3

Local Rents

18 rents from £725/mo to £3.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£3,20009/240.02 mi-3
£3,20012/240.02 mi-3
£87501/250.54 mi-3
£72509/240.58 miBarks Drive, Norton, Stoke-On-Trent3
£1,05002/250.7 mi-3
£80001/250.71 mi-3
£99511/240.78 mi-3
£95009/240.81 miBlithfield Way, Stoke-On-Trent, ST63
£95009/240.81 mi-3
£1,10012/240.85 mi-3
£80009/240.9 miHayeswood Grove, Norton Heights3
£1,10012/240.92 mi-3
£92509/241 miCatharine road3
£89509/241.01 miCornhill Road, Chell Heath, Stoke-on-Trent, Staffordshire, ST63
£1,05009/241.04 mi-3
£90009/241.19 miPoolfields Court, Brown Edge, Stoke-on-Trent, Staffordshire, ST63
£95002/251.19 mi-3
£89504/251.19 mi-3

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

1.64 miles away

Nearest school

0.40 miles away

Nearest train station

2.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £250,000

July 24, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • SEMI-DETACHED FAMILY HOME +
  • FIELDS AND FAR REACHING VIEWS TO REAR +
  • NO UPWARD CHAIN +
  • DUAL ASPECT LOUNGE/DINING SPACE +
  • DRIVEWAY AND SINGLE GARAGE +

VIEWS! NO UPWARD CHAIN! MUST BE VIEWED!

Heywoods Estate Agents are thrilled to showcase this beautifully refurbished three-bedroom semi-detached family home, located on Lancaster Drive, Norton Green, Stoke-on-Trent. This home has been comprehensively updated with fresh plastering, a new boiler, stylish décor, and brand new kitchen and bathroom fittings, along with stunning new flooring throughout. Presented with no upward chain, this property is primed for immediate occupancy.

Upon arrival, the neatly laid gravel driveway leads to a storm porch, welcoming you into the home. The entrance hall, accessed via a sturdy composite door, immediately introduces the high standard of refurbishments seen throughout the house. The modern kitchen lies straight ahead, boasting a range of integrated appliances and finished to a high standard, providing a perfect blend of functionality and aesthetic appeal. The kitchen windows offer expansive views over the tranquil fields to the rear, and a UPVC double-glazed door on the side enhances accessibility.

Located under the staircase in the entrance hall is a convenient guest WC equipped with a UPVC double-glazed window, wash hand basin, and WC. To the left, the lounge/dining room offers a dual aspect, flooding the space with natural light. The new flooring here, as throughout the home, adds a touch of elegance and ease of maintenance, perfect for modern living.

The first floor reveals more of the thoughtful updates. The family bathroom at the rear is outfitted with a contemporary suite, including a wash hand basin, WC, and a bath with an overhead shower, alongside a cupboard housing the newly installed combi boiler. The double bedroom at the rear features large windows that capture the picturesque field views, while the front's largest bedroom boasts a walk-in bay window and slightly more space. The third bedroom, though smaller, is well-appointed for bunk beds or could alternatively serve as a study or craft room. Loft access from the landing offers additional storage space.

Outside, the rear garden is a standout feature, with its expansive views providing a perfect backdrop for relaxation and family gatherings.

This home is further complemented by a driveway and single garage, offering ample parking and additional storage solutions. With all these renovations, this property is more than just a house; it’s a ready-made home for those seeking quality and comfort in a peaceful setting. This beautifully updated home is waiting to be enjoyed by its new owners. Don’t miss this exceptional opportunity in a desirable location.

Agent Details

Heywoods, Newcastle-under-Lyme

01782 980166

Next Steps?

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